| Home : June 2012 : June 22, 2012 News : Yalian Steel Obtained RMB 40 Million Bankers' Acceptance Notes From Industrial Bank Co., Ltd |
Yalian Steel Obtained RMB 40 Million Bankers' Acceptance Notes From Industrial Bank Co., Ltd |
June 22, 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2012) - Yalian Steel Corporation (TSX VENTURE:YL) ("Yalian" or the "Company") announces that it has obtained a short term credit facility for up to RMB 20 million (CAD$3.2 million) from Industrial Bank Co., Ltd of People's Republic of China. This credit facility will be mainly used for issuance of bankers' acceptance notes which are financial instruments commonly used in China for purchase settlements. Up to date, RMB 20 million has been earmarked for obtaining RMB 40 million (CAD $6.4 million) bankers' acceptance notes from Industrial Bank Co., Ltd.
http://www.marketwire.com/mw/release.do?id=1672467&sourceType=3
|
|
|
 Other Stories |
|
|
|
|
|
|
|
|
|
|
|
